Venezuela Vice President Tareck El Aissami is much wealthier than senior United States officials originally thought, according to once inside source who spoke with EFE. It turns out that El Aissami has hundreds of millions of dollars in assets. US officials confirmed the amount after freezing El Aissami’s assets as part of sanctions levied against him for […]
The United States has canceled the visa of Colombian Senator Bernardo Miguel “Ñoño” Elías, a member of the country’s incumbent “U” party led by President Juan Manuel Santos.Officials reportedly canceled the visa due to his alleged links to the Odebrecht corruption case. The scandal has swept across Latin America, as investors continue to uncover that the Brazil-based construction company bribed […]
Karina Martin reports in the PanAmPost where Bolivian President Evo Morales admitted this week that he knows Rómer Gutiérrez, a member of his party Movement for Socialism who was detained in Brazil after officials found him with almost 100 kilos of cocaine. “I have seen, and I know (Rómer Guitérrez),” Morales said, but clarified he does not know about […]
As reported in Reuters, former Panamanian President Ricardo Martinelli has asked the U.S. Supreme Court to release him from a Florida jail while he fights Panama’s efforts to extradite him. Martinelli was jailed last month in a federal detention center in Miami after Panama asked the United States to extradite him on charges that he […]
The Panama Canal’s enlargement has enabled it to win back most of the all-water traffic between Asia and the US East Coast that it had lost to the rival Suez Canal route. The Central American waterway’s share of the total headhaul capacity on the route has risen to 74 percent, the level it had […]
As reported in Reuters, the Mexican attorney general’s office said on Thursday it asked Panama to extradite a former state governor from President Enrique Pena Nieto’s Institutional Revolutionary Party (PRI), after being arrested there last month on corruption charges. Roberto Borge, who was governor of the state of Quintana Roo, home to tourist resort Cancun, […]
The official statement reported an increase of seven alleged connections to Brazil’s poisonous corruption case. Panama’s Attorney General Office reported Wednesday the number of the suspects in Brazil’s Odebrecht scandal has risen to 43 in the country. According to the office’s Twitter account, the Attorney General refrained from naming the individuals, but did state […]
Due to operational and security limitations, the airline has decided to bring forward the suspension of its flights from Lima and Bogotá to Caracas from July 27, instead of August 16 as originally planned. From a statement issued by Avianca: Bogotá, July 27, 2017. Due to operational limitations registered in the last few hours, Avianca is […]
Between January and May, the monthly index of economic activity varied by 6.49% with respect to the same period in 2016, mainly due to the activities of construction and exploitation of mines and quarries. From a report by the Comptroller General of the Republic. The Monthly Index of Economic Activity (IMAE) in the Republic, for […]
The Best of Panama auction concluded last week, and the “a cup of coffee shouldn’t cost $3” crowd may want to stop reading here (or, y’know, stop holding such a narrow view of such a wide-ranging product). The highest selling of the 51 lots went for a staggering $601 per pound, setting a new world […]